Ameritrade started a Buy at Deutsche; E*Trade a Hold


Alongside its initiation of Schwab with a Buy, Deutsche's Brian Bedell starts TD Ameritrade (AMTD +0.2%) with the same rating. Of note: The outsourced banking agreement with 41% owner TD Bank allows high returns on cash management without the capital burdens or credit risk, thus giving AMTD to room for buybacks and dividends. As with Schwab, the company has substantial leverage to higher interest rates.

As opposed to its two competitors, E*Trade (ETFC +0.1%) rates just a Hold.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs